Dechert LLP has a longstanding presence in Latin America financial restructurings and insolvencies. It has a fine record in Mexico, Brazil, Chile, Argentina and Puerto Rico, among other markets. It continues to represent ad hoc groups of bondholders, ad hoc groups of lenders and unsecured creditors’ committees in major restructurings across the region. The firm acted for the PREPA Ad Hoc Group, formed in connection with the Title III reorganisation of the Puerto Rico Electric Power Authority (PREPA). It has also built a significant reputation advising on debtor-in-possession financings. Allan Brilliant is co-chair of the global financial restructuring practice and has an extensive record in Latin America matters. David Herman is another senior practitioner who represents debtors, official and ad hoc committees, creditors, asset acquirers and other interested parties in Chapter 11 cases and in sovereign and governmental debt restructurings. Associate Isaac Stevens is another key team member. Named individuals are all based in New York.
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Testimonials
Collated independently by Legal 500 research team.
‘Dechert is a law firm that combines both a deep knowledge of banking and finance issues, along with a practice approach to the client's needs. The combination of a highly qualified practice in banking and finance and litigation, offers the client a strong capacity to resolve its issues. ’
‘The team is highly experienced and knowledgeable. They have impressive delivery, are always available and maintain a high standard in all work.’
- 'I worked with Dechert on the insolvency proceedings of WOM, a large telecommunications company. I served as WOM's local attorney in Chile, and Dechert served as US counsel for WOM's most significant creditors. I was impressed by the professionalism and business acumen of the Dechert team.'
- 'I was impressed by the role played by Isaac Stevens, who, having trained in Chile and now working in the United States, handles both insolvency systems perfectly.'
Key clients
- Ad hoc group of secured and unsecured bondholders of GOL Linhas Aéreas Inteligentes
- Ad hoc group of lenders to Tupperware Brands Corporation
- Ad hoc group of bondholders of WOM
- Alden Global Capital
- Banco BTG Pactual
- Bci Asset Management Administradora General de Fondos
- BICE
- CarVal Investors
- Cinépolis de México
- Citadel
- Chubb Seguros Peru
- Crown Holdings
Work highlights
Representing the PREPA Ad Hoc Group formed in connection with the Title III reorganisation of the Puerto Rico Electric Power Authority (PREPA), one of several debtors in the Commonwealth of Puerto Rico Title III cases and related litigation.
Advised the ad hoc group of secured and unsecured bondholders of GOL Linhas Aéreas Inteligentes in connection with its $1.6bn combined liability management and new capital financing transactions.
Advising the ad hoc group of bondholders of Chilean telecommunications provider WOM, in connection with it’s Chapter 11 filing (the engagement began in December 2023 in connection with a possible out of court restructuring).
Lawyers
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Allan Brilliant